FHA, VA, & USDA Loans

Additional Home Loan Options for You!

Federal Housing Administration (FHA) loans, Veterans Affairs (VA) loans, and USDA (rural area) loans are providing new opportunities to potential home-owners with greater flexibility than ever before. ILWU Credit Union is now able to assist members seeking the affordable terms of these government-insured mortgage loans through a relationship with CU Partners, a division of Stearns Lending. The primary loan options are FHA and VA mortgage loans that are secured by the member’s real property and can be used for the purchase of a home, or to refinance an existing loan on a member’s primary residence.
The benefits of these government loans are low down payments, low closing costs, and flexible credit requirements.

FHA Loans

FHA loans are available to all members who meet the program qualifications. A variety of loan options are available including fixed and adjustable rates. Specific programs require as little as a 3% down payment.

VA Loans

VA Loans are offered to military personnel or veterans to help with the purchase of a home at a competitive interest rate often without requiring a down payment or private mortgage insurance.

USDA Loans

A USDA home loan is a zero-down payment mortgage for eligible rural and suburban homebuyers. USDA loans are issued through the USDA loan program, also known as the USDA Rural Development Guaranteed Housing Loan Program, by the United States Department of Agriculture.

Call for details!

To get more information on any of our Mortgage Loan options, please contact a Real Estate Loan Representative at 866.4ILWUCU or 866.445.9828.